WEC Energy Group Inc (WEC)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 9,800 | 322,500 | 275,300 | 82,500 | 42,900 | 45,900 | 54,700 | 35,700 | 28,900 | 28,500 | 30,300 | 33,800 | 16,300 | 26,000 | 35,000 | 26,100 | 24,800 | 13,100 | 13,300 | 15,400 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | 1,909,200 | 1,875,900 | 1,837,200 | 1,818,200 | 1,789,400 | 1,791,000 | 1,782,000 | 1,773,000 | 1,764,000 | 1,750,000 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 4,841,900 | 4,009,400 | 3,491,600 | 4,709,700 | 5,114,800 | 4,073,700 | 4,096,900 | 3,765,800 | 4,611,000 | 3,369,700 | 3,817,800 | 3,264,400 | 3,753,000 | 3,692,600 | 3,373,900 | 3,714,900 | 4,148,100 | 2,840,000 | 3,484,600 | 2,847,700 |
| Quick ratio | 0.00 | 0.08 | 0.08 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.42 | 0.57 | 0.49 | 0.57 | 0.48 | 0.49 | 0.54 | 0.48 | 0.43 | 0.62 | 0.00 | 0.01 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($9,800K
+ $—K
+ $—K)
÷ $4,841,900K
= 0.00
The quick ratio of WEC Energy Group Inc has shown fluctuations over the periods analyzed. The quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, ranged from a low of 0.00 to a high of 0.62 during the period. The lowest quick ratio of 0.00 in June 2020 may indicate potential liquidity concerns, as the company had minimal liquid assets to cover its current liabilities.
However, in subsequent periods, the quick ratio improved, reaching a peak of 0.62 in September 2020, indicating a better ability to meet short-term obligations. The quick ratio remained relatively stable around 0.50 in the following quarters, signifying a reasonable liquidity position.
The quick ratio dipped to 0.00 again in December 2020 before gradually increasing to 0.57 by September 2022. The ratio then decreased slightly to 0.42 by December 2022. The quick ratio remained relatively low in the last four quarters analyzed, ranging from 0.01 to 0.08.
Overall, the quick ratio trend suggests varying levels of liquidity for WEC Energy Group Inc over the periods examined, with a general pattern of improvement followed by some fluctuations. It is important for the company to continue monitoring and managing its liquidity position to ensure it can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024